THE RESTRUCTURING

In July, boards of MSSL and Samvardhana Motherson International Limited (SAMIL) approved a reorganisation plan

The Domestic Wiring Harness (DWH) business will now be demerged from MSSL and listed on stock exchanges

The Sehgal family’s effective stake in DWH will fall from 33.2 per cent to 19.8 per cent, while effective stake of public shareholders will increase from 38.3 per cent to 47.2 per cent

SAMIL (the holding company that has 33.4 per cent stake in MSSL, 49 per cent in SMRPBV and other automotive businesses) will be merged with MSSL through a share swap agreement

The SAMIL-MSSL merger will bring group businesses such as LED lightings, shock absorbers etc under the listed company.

Also, 100 per cent shareholding of SMRPBV, which houses polymer and mirrors businesses, will come under MSSL